American Healthcare REIT(US:AHR) Prnewswire·2024-11-12 21:15Core Insights - American Healthcare REIT, Inc. reported a GAAP net loss of $(3.1) million for Q3 2024, with a loss attributable to common stockholders of $(0.03) per diluted share [2] - The company achieved a Normalized Funds from Operations (NFFO) of $0.36 per diluted share for the same period [2] - Total portfolio Same-Store Net Operating Income (NOI) grew by 17.0% compared to Q3 2023, driven by significant growth in senior housing operating properties [2][3] - The company has revised its total portfolio Same-Store NOI growth guidance for 2024 from 12.0%-14.0% to 15.0%-17.0% [2] - Recent acquisitions include a senior housing portfolio in Washington for approximately $36.2 million and the remaining 24% interest in Trilogy Holdings for about $258 million [2][6] Financial Performance - The company reported total revenues of $523.8 million for Q3 2024, an increase from $464.2 million in Q3 2023 [20] - Property operating expenses totaled $417.1 million, compared to $374.6 million in the prior year [20] - The company’s total indebtedness stood at $1.90 billion as of September 30, 2024, with a Net-Debt-to-Annualized Adjusted EBITDA ratio of 5.1x [7] Guidance and Outlook - NFFO guidance for the year ending December 31, 2024, has been increased to a range of $1.40 to $1.43 per share, up from $1.23 to $1.27 [2][5] - The company expects to continue expanding its Integrated Senior Health Campuses (ISHC) segment and pursue external growth within its Senior Housing Operating Properties (SHOP) segment [2] Capital Markets Activity - A follow-on equity offering raised approximately $471.2 million, with net proceeds used for acquisitions and debt repayment [7] - The company has improved its liquidity position, with approximately $1.07 billion in total liquidity as of September 30, 2024 [7] Distributions - The Board of Directors declared a cash distribution of $0.25 per share for Q3 2024, paid on October 18, 2024 [8]